In some countries, most people prefer to rent their homes rather than buying them. What are the advantages and disadvantages of renting a home?

The
first
and foremost thing every human need is
home
Suggestion
a home
to live. People spend about one-
third
of their salary, either to pay the monthly rent bills or mortgage interest on their homes. In some parts of the world, people prefer to rent a
home
as it's economical and easy to relocate when the demand arises.
However
, it has its drawback too. It is evident that renting a
home
is cheap and would not incur any additional costs for repairs or maintenance, as they would be taken care by the landlords. In most countries, countryside
home
rents are even cheaper when compared to urban areas.
For instance
, in the state of Texas, USA, residents pay as much as 10 to 12 thousand dollars in property taxes every year, which is roughly the same amount to rent a two-bedroom
house
.
Besides
, when the income levels are low, we can downsize and move to a different
home
.
Also
, if the job requires constant relocation,
then
renting a
house
is the most viable option. It would be impossible to buy a
house
in every work location, especially in downtown areas.
On the other hand
, renting a
house
does not provide a stable place to live forever. Landlords may ask the tenants to leave at any time with short notice.
This
would create a lot of stress on individuals to find another
home
.
Moreover
, renting does not allow to renovate or remodel homes based on one's wish and
this
blocks people from living their true lifestyle. In a way, it forces tenants to adjust according to the landlord's direction. To conclude,
although
is renting the
house
looks like the best option, it does not allow people to live with complete freedom. Spending a few more dollars and buying a
house
could prove to be a good investment.
Submitted by Revanth on

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Essentional vocabulary list for IELTS Writing 7+

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Topic Vocabulary:
  • financial commitment
  • down payment
  • initial costs
  • allocate resources
  • maintenance costs
  • mobility
  • relocate
  • market fluctuations
  • property value
  • building equity
  • appreciate in value
  • asset
  • personalization
  • restrictions
  • rental increases
  • lease renewal
  • financial instability
  • housing budgets
  • long-term security
  • landlord
  • lease agreement
  • equity
  • substantial
  • property ownership
  • property market
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